Press coverage about Herman Miller (NASDAQ:MLHR) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Herman Miller earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 47.1672507754998 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- After-Hours Stock Movers 03/21: (GES) (ALTR) (FIVE) (RESN) (MLHR) (streetinsider.com)
- Herman Miller, Altair Engineering, Five Below – AFTER HOURS (proactiveinvestors.co.uk)
- Herman Miller, Inc. (MLHR) Q3 2018 Earnings Conference Call Transcript (msn.com)
- Herman Miller (MLHR) Issues Quarterly Earnings Results (americanbankingnews.com)
- Herman Miller -3.8% as guidance disappoints (seekingalpha.com)
Shares of Herman Miller (NASDAQ:MLHR) opened at $32.20 on Friday. Herman Miller has a 1 year low of $29.25 and a 1 year high of $41.85. The stock has a market cap of $2,237.64, a P/E ratio of 15.94 and a beta of 1.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Saturday, March 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.72 annualized dividend and a yield of 2.24%. Herman Miller’s payout ratio is presently 35.64%.
MLHR has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Herman Miller from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, December 29th. BidaskClub upgraded shares of Herman Miller from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. ValuEngine upgraded shares of Herman Miller from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Raymond James Financial upgraded shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $41.67.
In other news, VP Kevin J. Veltman sold 1,190 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $40.28, for a total value of $47,933.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeremy J. Hocking sold 2,442 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $40.40, for a total transaction of $98,656.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 267,202 shares of company stock valued at $10,111,655. 1.91% of the stock is currently owned by company insiders.
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Herman Miller Company Profile
Herman Miller, Inc is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company’s segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors.
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